The Great CryptoCurrency Deception: why you may need crypto to avoid being the victim of an historic act of fraud.
CryptoCurrency has made early adopters into millionaires and billionaires, and some say we are still very early, but could there be something sinister lurking below the surface? While you may be tempted to write such a question off as the deranged rantings of a jealous "no-coiner" who passed on Bitcoin at $1, then $10, then $100, then $10,000, you can look at my previous blogs and see that I am indeed an early adopter and was writing about Bitcoin and Ethereum when they were mere fractions of today's prices. I encourage you to consider what I have to say with an open mind.
If you understand the powers that be in this world, whatever you want to call them, it is generally agreed that the highest control point on the chess board is the money printers. This creates two classes of people: those who print money or receive the printed money and those who work for said money. It is also generally agreed among those who understand this, that the ruling class stays in control by dividing working class along a plurality of political lines to keep us fighting each other. Consider the following ways the money printers might be helped by the 10-year slow adoption of cryptocurrency.
A way to turn straw into gold
We all know the fairy tale of Rumpelstiltskin and a miller's daughter promising her first child for the little goblin to spin straw into gold for her. Paper money is like the straw in this tale, most of the readers here believe that it is worth the cost of printing it ultimately. Fiat currency is unlimited, which is why since 1913 the US Dollar has lost 99% of its buying power, they just keep printing it faster than people can make stuff to buy it with. Bitcoin, on the other hand, has gone up millions of percent in value because it has a fixed supply of 21 million units. Yet Bitcoin Ethereum and every other Cryptocurrency are currently priced in the US dollar. Right now, the money printers could purchase all of it (1.5 Trillion on this day) for less than one country has printed for a stimulus bill. A currency that can be printed so easily was always going to revert to the cost of printing it (a few cents for a sheet of hundred dollar bills), but right now they can use it to buy almost all of the crypto that anyone is willing to sell. You need fiat to buy Bitcoin and Ethereum, and you need it to buy the equipment to mine them, who has the most fiat today? The ability to magically print value out of thin air was never going to last, but now it has turned into a giant head-start in the new system, assuming that is crypto.
A Smokescreen for Theft via the Collapse/Reset
The bad guys use a false idea of "personal responsibility" as a smokescreen to cover their acts of theft by giving you meaningless choices or obfuscating the right choice.Think about the first time you heard of Bitcoin. How rich would you be today if you had bought it on that day. How rich are you today because you eventually bought some? Consider this, when you first heard about Bitcoin, and didn't buy it, you were probably discouraged from buying it by the way it was presented. I first heard about it when CNN had launched CNN HD, and they showed a private key on live television so someone could steal their Bitcoin (I cannot find a clip of this). Bitcoin was $10-$50 then and the point of the segment was "don't buy this it just got stolen from us." My first Bitcoin purchase was for $1200, 12000% later, but damned if I didn't know about it along with 200 million other people who did not even know what real money is. If we had all jumped in to buy just one unit, the price would have immediately been in the thousands but each one of us says to ourselves "if I had just put in $1000, I would have $40 million dollars today.
Why would they do this? To give you a false sense of personal responsibility when this system robs you. You and 200 million others say "I had a chance, if I had just" when your Social Security (that you put $1000 of your labor into every 2 months) becomes worthless because of hyperinflation while the money printers were buying Bitcoin at a steady rate that would not raise eyebrows the whole time. Just because you heard of Bitcoin at the early stages did not mean you had a legitimate opportunity to get in at the ridiculously low prices, and Bitcoin may have been rolled out in such a way as to make people blame themselves for not being one of the chosen few who gets it in time to save their hard earned savings from hyperinflation evaporation.
Divide and Conquer
Considering your feelings as a Bitcoin hodler. How rich would you be if the 1-50 quadrillion (a thousand trillions) dollars worth of paper money instruments in the world today suddenly had to be squeezed into crypto? (this will happen unless something drastic changes). Yes, you thought critically at the early stages because you knew something was not right about one group printing money and another working for it, but your gains came from money being printed indirectly. Do you really deserve 20 people's retirement for trading one currency against another? Remember, currency trading (which happens to be tax free) is one of the ways the bankers fold the newly printed money into the system giving insiders easy gains.
What if one of the goals of the way Bitcoin was rolled out was to catch the people who would be most effective in countering this act of theft from the elite, and buy them off. This is the way the "royals" of the world expand the "gentry" class by giving knighthoods and esquires to the few peasants who others start looking up to? Wealth has the effect of making the recipients feel that they deserve it.
One Ring to Rule Them All.
Consider the story of The Lord of the Rings where three races of beings are tricked into placing control devices on themselves by believing they are "rings of power." After they are wearing said rings, the "dark lord" constructs a new ring to control all of the rings. Bitcoin adoption is moving at an exponential rate. Last week, for the first time in Bitcoin's 10 year history, a country (El Salvador) adopted it as legal tender. This week, 7 other countries are discussing doing the same thing. El Salvador did not print its own currency, and used the US dollar instead, but now Brazil is talking about Bitcoin as legal tender. Brazil is one of the 5 BRICS nations, which is a serious global economic alliance that includes China. Brazil is a country that would never consider giving another country's central bank this kind of power over it that El Salvador permitted.
Bitcoin has a glaring weakness in that its anonymous creator (who is believed dead) still owns 1 million bitcoin. That is 5% of the supply that will ever be created. At points, Bitcoin's creator has been the richest person in the world. This creator could just as easily be the U.S. CIA as it could be libertarian hero bent on saving the world from an unjust Cabal. At this stage the latter would be well served by pretending to be the former. If Bitcoin becomes the world reserve currency, and someone gets access to that 5% they would easily be the most powerful individual in the world.
You Should Absolutely Protect Your Savings With Bitcoin!
The government cannot simply outlaw or confiscate your Bitcoin. We the People are powerful but we are daily encouraged to abdicate that power. Rather than learn useful production skills we binge watch Netflix, but it is our choice. You need not fear the government outlawing Bitcoin, they can't, and if they could, they still would not want to do so because it allows them to accomplish their goals: 1) it turns their worthless fiat (straw) into a solid proof-of-work money with a limited supply 2) it allows them to shift the goal post on millions who were promised a retirement under the old system of fiat, and make them think it's their own fault for not buying $10 Bitcoin 3) it's voluntary acceptance provides a vector of control against the world, including entities that would never permit anything controlled by a small group of elite outsiders to directly influence their monetary system. The U.S. government cannot say "hand us your Bitcoin" because if they did, it would either 1) immediately become worthless or 2) people would ignore the edict, so don't let anyone tell it is pointless to protect yourself from looming storm with Bitcoin and precious metals.
Understand you cannot insulate yourself from the bad things that are coming that you are not necessarily more deserving than your fellow humans who don't come out of this mess in better shape than they went in (which I hope you do). That was never going to happen for everyone. Be thankful to the Most HIgh for what you have, and be ready to be of service to others.